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Department of Posts, Mmistry of Communications information ~ No Techno~ogy, Govemment of india ~ Dated

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04-02/2012-LI

17.06.2013

To All Deputy Divisional Manager (PLI) Addl. Dte Gen of APS, PLI Cell, C/o 56 APO

Sub: Declaration of bonus on PLI policies for the year 2010-11-reg

Kindly find enclosed a copy of the Gazette of India, Extraordinary, Part-I, Section-I, No. 128 dated 07.06.2013 on declaration of bonus on Postal Life Insurance policies for the year ending on 31.03.2011 for immediate implementation at your end.

( ipi Malhotra) Dy. Divisional Manager (PLI) Encl: As above Copy to: 1. 2. 3. 4. 5. 6. Dr.Rakesh Gupta, Sr.Tech Director, NIC,Dak Bhawan, New Delhi 110001 for information and uploading the rates of bonus in the software ofPLI immediately. Dy. Director (CEPT), Mysore for uploading the bonus rates on the website of India Post. Director, % DPLI, No.7, Koilaghat street, Kolkata 700001 Shri. K.K.Dharni, Consulting Actuary, 327 A, Pocket 2, Mayur Vihar, Phase-I, New Delhi 110091 Officers ofPU Dte., Ms. Pallavi Prasad, Infosys Ltd. for information.

ip' Malhotra) Dy. Divisional Manager (PU)

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MINISTRY OF COMMUNICATIONS (Department of Post)

DIRECTORATE OF POSTAL LIFE INSURANCE NOTIFICATION New Delhi, the 5th June, 2013 No. 04-02/2012-LI.-In exercise of powers conferred vide Rule 3 of Post Office Life Insurance Rules, 2011 and on the basis of Actuarial Valuation of the assets and Liabilities of Post Office Insurance Fund as on 31-3-2011 the Director General (Posts) is pleased to declare a simple Reversionary Bonus for the year ending 31-3-2011 on the Postal Life Insurance Policies on their becoming claims, due to death or maturity at the following rates:

S. No (i) (ii) (iii) (iv) (v)

Type of Insurance Policy Whole Life Assurance (WLA) Endowment Assurance (EA)

Rate of Bonus Rs. 85 per thousand sum assured Rs. 60 per thousand sum assured Rs. 55 per thousand sum assured

Money Back Policies (AEA)

Convertible whole Life Policies Whole Life Bonus will be applicable but on conversion, Endowment Bonus rate will be appicable. Term inal Bonus Rs. 20 per sum assured of Rs. 10,000 subject to maximum ofRs. !, 000 for whole life policies and Endowment policies with term of20 years and above.

2. The rate of Bonus for the year 2010-11 will be applicable from the date of receipt of this Notification by the Circles and this will also be applicable to claim cases received but not settled till the date of receipt of this Notification. 3. Interim Bouns at the rates mentioned above will also be payable for all claims arising due to matruity of death until future valuation is completed. 4. The amount of Bonus involving a fractiion of 50 pasie or more shall be rounded off to the next higher Rupee and fraction below 50 paise shall be ignored. 5. This issues with the concurrence of Finance Advice (Postal) vide their Dy. No. 1358/4 dated 11-32013. R. K. MAHARAJ, General Manager (PLI) Equivalent to the Rank of J1. Secy.

Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-I 10064 and Published by the Controller of Publications. Delhi-I 10054.